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Originally Posted by Boomer
Any thoughts on the current pre-owned market for houses between 466 and 466A?
It looks to me like the inventory might be a little low, but I don't really know for sure. I could be wrong. If it is a lower inventory, it is probably not by a whole lot. I do not keep stats. I have been just watching this market (in general) for a very long time and have developed a bit of a feel for it--whatever that is worth.
I know Open Houses can be busy this time of year, but I don't think that means much of anything other than it is the time of year when there are a lot of people here--some of whom will buy--eventually.
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Each week TV puts the sales stats in one of their ads in the Daily sun. They list the total number of homes sold in the last 12 months. 5 years ago the total sold was over 6,000 with 2059 being preowned. This past week the total was just barely over 4000 with pre owned being close to the 2050 mark. I don't remember the exact amount. I have kept a record of it because ...well, just because. LOL. What does this all mean stastically? Beats me. Actually it means new home sales are down from 2012 and preowned numbers remain constant;however, it does show preowned are down somewhat because the total number of homes has increased. Without doing the official math and proportions I would assume that preowned sold numbers have gone down less than New but both markets are certainly healthy.